While the global economy generates unprecedented wealth for plutocrats like Elon Musk, it is, by design, highly unequal, dangerously over-indebted, prone to recurring financial crises, and ecologically disastrous. In such a context, radical reforms will be needed, beginning with the rejection of money as a commodity.
Outsourcing credit lets the Chinese EV maker scale fast while leaving asset risks to lenders. This article appears in the July/August issue of Global Finance Magazine. Walk the streets of cities like Valencia or Paris, and you don’t need the data to see BYD everywhere, especially in ride-hailing fleets and private transportation. These days, the…
Earnings call transcript: United Fire Group beats Q2 2026 estimates as shares jump
Presented by: Daniel Bunn This year, a wave of new company tax disclosures is coming in response to increased transparency requirements from US accounting standards, the European Union, and Australia. Because the data will be messy and poorly suited for drawing strong conclusions, the data the new rules require companies to produce can easily be…
Tatha Ghose at Commerzbank highlights that Turkey’s market-based inflation expectations for 2026 and 12 months ahead have risen again, undermining confidence in disinflation. Survey participants see Central Bank of the Republic of Türkiye (CBRT) holding rates at 37% this week then cutting to 34.7% by year-end, a mix he deems negative for the Lira given…
On July 1, 2026, trade representatives from the US, Canada, and Mexico face the first review deadline for the US-Mexico-Canada free trade agreement (USMCA), which took effect in July 2020. President Trump has said he does not intend to renew the agreement in its current form, raising the likelihood of further rounds of review and…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…